SUBJECT: Ordinance approving a Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty-Seven (Montrose Zone).
RECOMMENDATION: (Summary)
City Council adopt an ordinance approving a Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty-Seven (Montrose Zone).
SPECIFIC EXPLANATION
On December 9, 2015, City Council approved the designation of Reinvestment Zone Number Twenty-Seven (Montrose Zone). On June 19, 2017, the Board of Directors of the Montrose Zone approved a Project Plan and Reinvestment Zone Financing Plan (Plan) and recommended forwarding the Plan to the City for consideration.
The Plan details projects to be implemented by the Montrose Zone in the Montrose area of the City. The Plan includes provisions for the design and construction of roadways, sidewalks and utility systems, affordable and workforce housing, parking enhancements, parks and open spaces, and recreational facilities and cultural amenities.
To support the Montrose Zone and the City’s efforts in this regard, the Administration recommends that City Council approve the Plan for the Montrose Zone.
cc: Marta Crinejo, Agenda Director
Anna Russell, City Secretary
Ronald Lewis, City Attorney
Gary Dzierlenga, Senior Assistant City Attorney